Hibbett Sports (NASDAQ:HIBB) Rating Reiterated by Robert W. Baird
Robert W. Baird reaffirmed their hold rating on shares of Hibbett Sports (NASDAQ:HIBB) in a report published on Wednesday, January 3rd. The brokerage currently has a $21.00 price objective on the stock.
Several other equities analysts have also commented on HIBB. TheStreet lowered shares of Hibbett Sports from a c- rating to a d+ rating in a research note on Wednesday, September 6th. UBS Group upgraded shares of Hibbett Sports from a neutral rating to a positive rating in a research note on Wednesday, September 20th. Susquehanna Bancshares upgraded shares of Hibbett Sports from a neutral rating to a positive rating and increased their price target for the company from $11.00 to $17.00 in a research note on Wednesday, September 20th. ValuEngine upgraded shares of Hibbett Sports from a hold rating to a buy rating in a research note on Wednesday, October 11th. Finally, SunTrust Banks restated a hold rating and set a $13.00 target price on shares of Hibbett Sports in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Hibbett Sports presently has an average rating of Hold and an average target price of $21.53.
Shares of Hibbett Sports (HIBB) opened at $24.10 on Wednesday. The firm has a market cap of $459.08, a P/E ratio of 13.82 and a beta of 0.96. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $33.85.
Large investors have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC purchased a new position in Hibbett Sports in the 3rd quarter valued at $143,000. Macquarie Group Ltd. acquired a new stake in Hibbett Sports in the third quarter valued at $204,000. Voya Investment Management LLC lifted its holdings in Hibbett Sports by 11.9% in the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after acquiring an additional 1,278 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Hibbett Sports by 1.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after acquiring an additional 170 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Hibbett Sports in the second quarter valued at $280,000.
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About Hibbett Sports
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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